S&P futures on a 4-hour chart (each candle covers a 4-hour period). It's still finding resistance at its last sell-off. Here are some potential, near-term wave counts. https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/fundamentals/IOSU6hIfr0e_ddd3b0bprg/FA-nK01B6EShfjkX-6gdow
Hi Sean, I don't understand the wave counts. Usually waves a, b, & c are corrective waves where wave a is either the beginning of a pullback or downtrend. Please explain. Thanks. Phil
a-b-c’s are corrective waves. But in a downtrend, a correction is upward and in an uptrend, a correction of that trend is downward.
Corrective waves on short-term charts tend to not be as distinct as the impulsive waves that are with the main trend.